Replies to post #71501 on iTalk Inc. (fka TALK)

[1manband]

What if the transaction isn't finished?

Then TALK lied, multiple times, in their SEC filings and by certifying those SEC filings were factual and correct. Which under Sarbanes is FRAUD.

"On January 29, 2016 (“Closing Date”), the Company closed (“Closing”) on the Exchange under the Purchase Agreement pursuant to which the Company acquired 100,000 shares of common stock of UMS held by Mr. Lee, representing all of the issued and outstanding capital stock of UMS, in exchange for issuing 106,250 shares of Preferred Stock of the Company to Mr. Lee and/or his affiliates, convertible into 10,625,000,000 shares of Common Stock of the Company (where each share of Preferred Stock is convertible into 100,000 shares of Common Stock). Upon Closing of the Exchange, UMS became a wholly owned subsidiary of the Company"

https://www.sec.gov/Archives/edgar/data/1373444/000149315216011508/form10-qa.htm